KeyCorp Issues Pessimistic Forecast for Bentley Systems (NASDAQ:BSY) Stock Price

Bentley Systems (NASDAQ:BSY) had its price objective lowered by equities research analysts at KeyCorp from $63.00 to $54.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price objective would suggest a potential upside of 26.70% from the stock’s previous close.

Several other research firms have also recently issued reports on BSY. Rosenblatt Securities reissued a “buy” rating and set a $62.00 target price on shares of Bentley Systems in a research note on Tuesday, February 25th. The Goldman Sachs Group cut shares of Bentley Systems from a “neutral” rating to a “sell” rating and reduced their price target for the company from $51.00 to $42.00 in a research report on Friday, February 28th. Oppenheimer upgraded shares of Bentley Systems from a “market perform” rating to an “outperform” rating and set a $49.00 price objective for the company in a report on Thursday, April 10th. UBS Group started coverage on Bentley Systems in a report on Monday, March 31st. They set a “neutral” rating and a $48.00 target price on the stock. Finally, Piper Sandler dropped their price target on Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $52.70.

Bentley Systems Stock Down 0.9 %

Shares of NASDAQ:BSY opened at $42.62 on Wednesday. The stock’s 50-day moving average is $42.88 and its 200 day moving average is $46.29. The company has a market cap of $12.43 billion, a PE ratio of 38.40, a P/E/G ratio of 3.52 and a beta of 1.06. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. Bentley Systems has a 1 year low of $36.51 and a 1 year high of $57.19.

Insider Activity at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 1,152 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $46.33, for a total value of $53,372.16. Following the completion of the transaction, the director now owns 16,703,876 shares of the company’s stock, valued at approximately $773,890,575.08. The trade was a 0.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.12% of the stock is currently owned by insiders.

Institutional Trading of Bentley Systems

A number of large investors have recently made changes to their positions in the stock. City Holding Co. bought a new stake in Bentley Systems in the 1st quarter worth approximately $26,000. Fifth Third Bancorp boosted its stake in shares of Bentley Systems by 106.6% in the 1st quarter. Fifth Third Bancorp now owns 843 shares of the company’s stock worth $33,000 after buying an additional 435 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of Bentley Systems by 61.1% in the fourth quarter. Private Trust Co. NA now owns 997 shares of the company’s stock worth $47,000 after acquiring an additional 378 shares during the period. Tobam purchased a new stake in Bentley Systems during the fourth quarter valued at $55,000. Finally, Atala Financial Inc bought a new position in Bentley Systems in the fourth quarter valued at about $55,000. 44.16% of the stock is currently owned by institutional investors.

Bentley Systems Company Profile

Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling engineering applications, such as MicroStation, OpenBridge, OpenBuildings, OpenCities, OpenComms, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite, OpenTower, OpenTunnel, OpenUtilities, and OpenWindowPower; and open simulation engineering applications, including ADINA, AutoPIPE, CUBE, DYNAMEQ, EMME, LEGION, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS.